UCI News

Coronavirus exposes scars of Great Recession

The Hill, April 26, 2020

April 26, 2020

Coronavirus exposes scars of Great Recession

“These are not equalizing crises. These crises have only spread people further apart,” said Mehrsa Baradaran, a University of California, Irvine, law professor who studies banking law and financial inclusion. “The more wealth you have, the less likely you are to lose in crisis. The less wealth you have, the closer you are to absolute destitution and unemployment in a crisis.”